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  • #725,801
  • Nov 30, 2012 9:39pm Nov 30, 2012 9:39pm
Quoting attila
I'm waiting to hear from you what trading is all about. I'm serious.
attila, due to respect to your rational posts and your nick (this part was a half joke, but indeed the Hun is one of my heroes) I will answer honestly. I have no clue what trading is ALL about.
but i am trying to putting the pieces together, so far what i understood is market is out of human comprehension. therefore predicting the price is silly unless you are omnipresent, which means you are present in the past, now and in the future AT THE SAME TIME. if that is true (considering we are not omnipresent), trading without predicting, without predefined levels makes much more sense.
one will ask: but trends, S&R, TLs, indicators, fibo levels and other things work and profit can be generated using them. I agree, they work but how often did they work in your own case? how many times did they fail? why is it so difficult to understand that market is out of being predictable?
So the most forthcoming answer to your question is: trading is not about anything we know about it.
As Above, So Below
  • #725,802
  • Nov 30, 2012 9:41pm Nov 30, 2012 9:41pm
Quoting Kanzler
For your sake I hope you've found an opportunity to liquidate your longs then. Personally I'm not sure what it's going to do...will short 1.3020 again if it reaches, stopped out earlier with only 20 pips. Picking entries has become much easier but I still have much to learn when it comes to maximizing gain from a move.
Why?? if its going to 1.35 why would I want to do that??
  • #725,803
  • Edited 9:47pm Nov 30, 2012 9:43pm | Edited 9:47pm
Quoting Daytrader74
Why?? if its going to 1.35 why would I want to do that??
Oops, my mistake, I meant shorts. You were complaining about them a few days ago.

Quoting tashkent
attila, due to respect to your rational posts and your nick (this part was a half joke, but indeed the Hun is one of my heroes) I will answer honestly. I have no clue what trading is ALL about.
but i am trying to putting the pieces together, so far what i understood is market is out of human comprehension. therefore predicting the price is silly unless you are omnipresent, which means you are present in the past, now and in the future AT THE SAME TIME. if that is true (considering we are not omnipresent), trading without predicting, without predefined...
S&R and fib levels hold quite frequently, actually, especially in confluence situations. Predicting direction is something I don't generally care about although I take a stab, as I just play the levels as they're hit. But if you couldn't make some educated guess as to what the market is going to do at these levels (predicting / forecasting) why even bother playing?
  • #725,804
  • Nov 30, 2012 9:50pm Nov 30, 2012 9:50pm
Quoting tashkent
attila, due to respect to your rational posts and your nick (this part was a half joke, but indeed the Hun is one of my heroes) I will answer honestly. I have no clue what trading is ALL about.
but i am trying to putting the pieces together, so far what i understood is market is out of human comprehension. therefore predicting the price is silly unless you are omnipresent, which means you are present in the past, now and in the future AT THE SAME TIME. if that is true (considering we are not omnipresent), trading without predicting, without predefined...
Lines, fibs, levels etc... They help because they are somehow more logical. My theory is, one can trade random lines on the chart, as long as they understand what the price does around them.. Trading is a combination of art and science and it can not be transferred from one person to another.. One can take different approaches, and clues from others but they have to build their own system.. That system, whatever that is, has to reside in the subconscious and the trader should not think about it during the session.. It's like going into a grocery store and you walk the isle and grab different items for dinner... Why these specific things? Because you just feel like that today. I will probably get blasted by the perfectionists, but that's how I see it.. It's more an experience than anything else.
  • #725,805
  • Nov 30, 2012 9:51pm Nov 30, 2012 9:51pm
Quoting Kanzler
Oops, my mistake, I meant shorts. You were complaining about them a few days ago.



S&R and fib levels hold quite frequently, actually, especially in confluence situations. Predicting direction is something I don't generally care about although I take a stab, as I just play the levels as they're hit. But if you couldn't make some educated guess as to what the market is going to do at these levels (predicting / forecasting) why even bother playing?
I like your sig. So true.
  • #725,806
  • Nov 30, 2012 9:52pm Nov 30, 2012 9:52pm
Quoting Kanzler
Oops, my mistake, I meant shorts. You were complaining about them a few days ago.



S&R and fib levels hold quite frequently, actually, especially in confluence situations. Predicting direction is something I don't generally care about although I take a stab, as I just play the levels as they're hit. But if you couldn't make some educated guess as to what the market is going to do at these levels (predicting / forecasting) why even bother playing?
great question. if i may say, mother of questions.
now, there are questions within the question.
As Above, So Below
  • #725,807
  • Nov 30, 2012 9:55pm Nov 30, 2012 9:55pm
Quoting tashkent
great question. if i may say, mother of questions.
now, there are questions within the question.
I'll try this one on demo when I get some time.. They say one can play it by tossing a coin, as long as you have strict MM.
  • #725,808
  • Nov 30, 2012 9:56pm Nov 30, 2012 9:56pm
Quoting attila
I like your sig. So true.
Thanks, that means a lot coming from such an esteemed user as yourself. Fear of loss is something I've had to work to overcome and I'm still not quite there yet.

Quoting tashkent
great question. if i may say, mother of questions.
now, there are questions within the question.
What are you implying?
  • #725,809
  • Nov 30, 2012 9:59pm Nov 30, 2012 9:59pm
Quoting attila
Lines, fibs, levels etc... They help because they are somehow more logical. My theory is, one can trade random lines on the chart, as long as they understand what the price does around them.. Trading is a combination of art and science and it can not be transferred from one person to another.. One can take different approaches, and clues from others but they have to build their own system.. That system, whatever that is, has to reside in the subconscious and the trader should not think about it during the session.. It's like going into a grocery...
i am planning to run an experiment. i will ask someone to repeat two words up or down 10 times in any order he wants to, does not matter even if 10 times up or down and i will take 10 random pair and accordingly buy or sell from the present price and hold them for a week. i am guessing to what extend i will lose or make profit comparing to any other guy in this forum using his fibos, tls etc to predict the market. that will be interesting.
As Above, So Below
  • #725,810
  • Nov 30, 2012 10:02pm Nov 30, 2012 10:02pm
Quoting Daytrader74
The euro is going to 1.35 next week
that means you closed your short from 1.27 and now went long? what if it heads back to 1.27 again?
As Above, So Below
  • #725,811
  • Nov 30, 2012 10:02pm Nov 30, 2012 10:02pm
Quoting Kanzler
Oops, my mistake, I meant shorts. You were complaining about them a few days ago.



S&R and fib levels hold quite frequently, actually, especially in confluence situations. Predicting direction is something I don't generally care about although I take a stab, as I just play the levels as they're hit. But if you couldn't make some educated guess as to what the market is going to do at these levels (predicting / forecasting) why even bother playing?
And when you reverse the fib ratios, you get a whole different picture. And yes, I agree, S/R and fib levels hold quite well.
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Time turns trend. - W.D. Gann
  • #725,812
  • Nov 30, 2012 10:03pm Nov 30, 2012 10:03pm
here you go
As Above, So Below
  • #725,813
  • Nov 30, 2012 10:06pm Nov 30, 2012 10:06pm
Quoting tashkent
i am planning to run an experiment. i will ask someone to repeat two words up or down 10 times in any order he wants to, does not matter even if 10 times up or down and i will take 10 random pair and accordingly buy or sell from the present price and hold them for a week. i am guessing to what extend i will lose or make profit comparing to any other guy in this forum using his fibos, tls etc to predict the market. that will be interesting.
This would go along with the coin toss theory.. Let us know the results... In demo is easy. Problem is, not sure we can do this with real money.. See? That's the problem..

Even easier.. Buy/sell randomly different pairs with a TP of let's say 30 pips, no SL and hold them until they close.. In theory they should ALL close sooner or later because the pairs FLOAT, and that means the price comes back (when, that's a different question). The pairs don't diverge forever..

Either way, these can not be done with real money, that's for sure.
  • #725,814
  • Nov 30, 2012 10:07pm Nov 30, 2012 10:07pm
Quoting tashkent
that means you closed your short from 1.27 and now went long? what if it heads back to 1.27 again?
Euro is going much higher, you will see
  • #725,815
  • Nov 30, 2012 10:10pm Nov 30, 2012 10:10pm
Quoting Daytrader74
Euro is going much higher, you will see
Whatever you do, just don't buy the damn top.. In the areas like the one we're in right now, I only think in increments of 30 pips, that's until we get more clues.. very dangerous to buy here for the long haul/and sell for that matter. Small bites, yes.

All right, off to sleep.
  • #725,816
  • Nov 30, 2012 10:15pm Nov 30, 2012 10:15pm
Quoting tashkent
i am planning to run an experiment. i will ask someone to repeat two words up or down 10 times in any order he wants to, does not matter even if 10 times up or down and i will take 10 random pair and accordingly buy or sell from the present price and hold them for a week. i am guessing to what extend i will lose or make profit comparing to any other guy in this forum using his fibos, tls etc to predict the market. that will be interesting.
The most popular methods of TA work because they are the least ambiguous and the most commonly used. When you apply technical analysis in the form of obvious support and resistance levels where price has historically reacted with major swing fib levels and possibly (to a lesser extent) major confirmed trendlines and psychologically significant items such as round numbers (case in point, 1.3000), you have orders stacking up that can absorb market moves preventing price from rising or falling at least temporarily. I'm not sure how you can advocate that playing off of such areas would have as good a chance of working as a random coin toss. If you read this post by hanover, you will get a better idea of my thoughts on the issue.
  • #725,817
  • Nov 30, 2012 10:19pm Nov 30, 2012 10:19pm
Quoting Daytrader74
Euro is going much higher, you will see
that has been my sentiment for many weeks. but i am never as sure as you are. in this business i would prefer to be like water rather than being ice. at least i will safeguard myself being cut into parts.
As Above, So Below
  • #725,818
  • Nov 30, 2012 10:20pm Nov 30, 2012 10:20pm
Quoting attila
This would go along with the coin toss theory.. Let us know the results... In demo is easy. Problem is, not sure we can do this with real money.. See? That's the problem..

Even easier.. Buy/sell randomly different pairs with a TP of let's say 30 pips, no SL and hold them until they close.. In theory they should ALL close sooner or later because the pairs FLOAT, and that means the price comes back (when, that's a different question). The pairs don't diverge forever..

Either way, these can not be done with real money, that's for sure.
I tried a method before, "in demo," of course. I would look at the monthly, on a pair, "Oh, look. It's in a downtrend. Hit "sell." Then move onto the next pair, and so on. And I would have a basket trading system. The first month, I made a killing. The next month, I got killed. That's when I learned about retracement trading, when I first came on board Forex. lol
Time turns trend. - W.D. Gann
  • #725,819
  • Nov 30, 2012 10:21pm Nov 30, 2012 10:21pm
Quoting attila
This would go along with the coin toss theory.. Let us know the results... In demo is easy. Problem is, not sure we can do this with real money.. See? That's the problem..

Even easier.. Buy/sell randomly different pairs with a TP of let's say 30 pips, no SL and hold them until they close.. In theory they should ALL close sooner or later because the pairs FLOAT, and that means the price comes back (when, that's a different question). The pairs don't diverge forever..

Either way, these can not be done with real money, that's for sure.


it can be easily done with EA , i can put it on tradeexplorer question is @
1, what time we should toss coin ?
2. what kind of mm/leverage 1:1 / 1:10 /1:50
Mohan
  • #725,820
  • Nov 30, 2012 10:23pm Nov 30, 2012 10:23pm
Quoting mohan76
it can be easily done with EA , i can put it on tradeexplorer question is @ what time we should toss coin ?
Wow! Excellent question you have there. Since when and where "price meets time."
Time turns trend. - W.D. Gann
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